Major agricultural commodity prices will be mostly flat in 2016, according to USDA, but the agency predicts that food bought for consumption at home will inflate at a higher rate than it did in 2015. 2016: Farms Flat; Groceries Rise Major agricultural commodity prices will be mostly flat in 2016, according to USDA, but the agency predicts that food bought for consumption at home will inflate at a higher rate than it did in 2015. While abundant supplies will keep down commodity prices, downstream processors and suppliers face increased costs from labor, distribution and other inputs. 2015 Top Five The top five WPI articles read in 2015 were: Likely Future Conflicts over Water Ethanol Industry Seeking E30 Under New Fuel Standard There’...
Key Takeaways: Drought remains a major threat to global agricultural production, particularly in regions with limited rainfall and growing water scarcity. Commercially available drought-tolerant traits in corn, soybeans, and wheat have generally delivered modest yield improvements, limiting th...
From WPI Consulting
Communicating importance of value-added products
Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.